Ethereum: Replications and the same blockchain Division **

Since the world of cryptocurrency continues to grow, one of the most common problems with regard to human heads, such as several Ethereum accounts can be managed on a computer or device. The short answer is yes, it is possible to separate wallets and share the same blockchain ether. However, there are some restrictions and considerations that you should know before you immerse yourself in this world.

Understand the blockchain

Before we immerse yourself in the wallet department, we take a quick look at what Ethereum Blockchain is. Ethereum Blockchain is a decentralized, public general book that records transactions in a computer network. It is the underlying technology for most cryptocurrencies, including Bitcoin and much more.

Arrivals with different private keys

Ethereum: Separate wallets sharing the same blockchain?

In order to separate several accounts on the same computer, each account has to create different private keys. Private keys are used to sign transactions, to send an ethher (Eth) and save medium in your handbag. Since Ethereum enables you to have up to 100 clear addresses per wallet, you can use two or more wallets with various private keys for individual accounts.

Here is an example of how you can create two wallets on a computer:

  • Create a new wallet about Ethereum Explorer: https: // Explorer.etherereum.org/

  • Use the CreateWaddress function to create a new public address and a private key.

  • Copy the private key and use it to sign transactions, send an ether or save medium in your handbag.

Arrivals cutting restrictions with various private keys

While it is possible to separate your wallets with different private keys, you have to take some restrictions into account:

* Security risks : If a wallet has a compromise private key, everyone can be affected with this wallet.

* Central management : If you create individual wallets for each account, you have greater control over who can access your funds and do business. However, this also means that if he receives access to a wallet, a malicious actor can access all relatives accounts.

* Transaction fee : If you use a variety of private keys, pay the transaction fee twice – once, create a new wallet and send an ether between the wallet.

Blockchain sharing: a more complex approach

In the past few months there has been a tendency to share the Ethereum blockchain with several users. This approach is referred to as “merging” or “consensus extraction”.

The pool members combine their arithmetic resources to confirm the transactions and add them to blockchain. In return for your participation, you will receive part of the block bonus (currently 12.5 ETH) and transaction fees.

To use this approach:

  • Join the Ethereum Blockchain Mining Pool: You can search for pools in locations such as Poolhub or Antpool.

  • Create an account with a pool operator: As soon as you have been accepted in the pool, you must create a new wallet and join the pool network.

  • Set your wallet and add it to the pool: Configure your wallet to use the private key of the pool.

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However, note that the consensus on a pool base is still a relatively new technology, and there are concerns about energy consumption, security risk and potential weaknesses.

Diploma

The security risks, centralized controls and the technical complexity must be carefully assessed to separate wall pockets to Ethereum or another blockchain. While it is possible to create several wallets with a variety of private keys, mining reduction offers a more demanding approach that can be an advantage for large) applications or networks.